TOSCANA ENERGY CONFIRMS JULY DIVIDEND

CALGARY, Alberta, July 20, 2015 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX:TEI) confirms the cash dividend of $0.10 per common share (or the equivalent of $0.30 per common share on a quarterly basis) of the Company (“Common Share“) to be paid on August 14, 2015 in respect of July 2015 production of the Company for shareholders of record on July 31, 2015. The ex-dividend date is July 29, 2015. Once paid, total cash dividends distributed by the Company to holders of Common Shares during the 2015 calendar year will be $0.805 per Common Share. This dividend is an eligible dividend for purposes of the Income Tax Act (Canada).

About Toscana Energy Income Corporation

Toscana Energy is a conventional oil and gas producer with the mandate to acquire high quality, long life oil and gas assets including royalties, non-operated working interests and unitized production for yield and capital appreciation. Toscana Energy is managed by Sprott Toscana through Toscana Energy Corporation. Sprott Toscana is a member of the Sprott Group of Companies.